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Savings account rates and fees

Rates vary depending on the account you hold and its balance. Includes personal and business customers.

What's on this page

Online Saver

Funds available at call and accessed via internet banking. Interest rate is variable, calculated daily on whole of balance and credited monthly.
Effective 25 February 2021
Balance
Interest (p.a.)
$1-$4,999
0.01%
$5,000-$149,999
0.20%
$150,000+
0.20%

Fees and charges

Monthly fee
$0
Staff-assisted transaction
$2.50
Exceeding available funds fee
$10
Dishonour fee
$12

Bonus Saver

Interest rate is variable, calculated daily on whole of balance and credited monthly.

Effective 25 February 2021

Make a deposit of at least $100 and no withdrawals each month to get an interest rate of

Balance
Interest (p.a.)
$0.01–$250,000
0.50%
$250,000.01–$500,000
0.40%
$500,000.01–$1,000,000
0.30%
$1,000,000.01+
0.20%
If bonus interest conditions aren't met
0.01%

Fees and charges

Monthly fee
$0
Exceeding available funds fee
$10
Dishonour fee
$12
Staff Assisted fee
$2.50

mySaver

Interest rate is variable, calculated daily on whole of balance and credited monthly. The mySaver is only available to customers under 25 years of age. If you are not eligible for this account it will be closed.

Effective 25 February 2021

Make a deposit of at least $10 and no withdrawals each month to get an interest rate of

Balance
Interest (p.a.)
$0.01–$50,000
0.70%
$50,000.01–$250,000
0.50%
$250,000.01–$500,000
0.40%
$500,000.01-$1,000,000
0.30%
$1,000,000+
0.20%
If bonus interest conditions aren't met
0.01%

Fees and charges

Monthly fee
$0
Staff-assisted transaction
$2.50
Exceeding available funds fee
$10
Dishonour fee
$12

Commercial Saver

Interest rate is variable, calculated daily on whole of balance and credited monthly.

Effective 25 February 2021
Balance
Interest (p.a.)
$1-$9,999
0.00%
$10,000+
0.10%

Fees and charges

Monthly fee
$0
Staff-assisted transaction
$2.50

Christmas Saver

Funds available from 1 November. Interest calculated daily on whole of balance and credit on 30 November.
Effective 25 February 2021
Balance
Interest (p.a.)
Any balance
0.20%

Fees and charges

Monthly fee
$0
Staff-assisted transaction
$2.50
Exceeding available funds fee
$10
Dishonour fee
$12

Things you need to know

General advice warning

Information provided is of a general nature only. In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents before making a decision to apply for products with Bank Australia.

  1. Eligibility criteria apply. You must deposit $2k to the Everyday Transaction Account each month or maintain $50k in total banking value to earn a monthly fee waiver the following month.

Bank Australia is committed to delivering memorable and superior service to all customers. We welcome your feedback, compliments and/or complaints about our performance.

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